Information for Existing Housing Program Participants

First Time Homebuyer Program and Neighborhood Home Improvement Program 

Households who purchased their home with downpayment loan assistance from the City, purchased a Below Market Price (BMP) home from the City, or borrowed funds for home improvements from the City may find the following resources helpful when thinking about refinancing their loan, making capital improvements, selling their home, or paying off their City loan.


If you are a participant of the First Time Homebuyer Program or the Neighborhood Home Improvement Program and you are interested in refinancing your loan, you must work with a lender listed on the City’s Approved Lender List. See Loan Refinancing/Subordination Guidelines for more information.

Making Home Improvements 

If you make improvements to your home and want the value of the capital improvements to be taken into account when the Maximum Restricted Resale Price is calculated, you must obtain approval by the City before the improvements are made. To obtain approval, you must complete the Request for City Approval of Improvements to the Home Form and submit the form and any attachments by mail (Housing Division, 39550 Liberty Street, Fremont, CA 94538) or by email. The initial cost of each improvement must be at least 1% of the original purchase price, and the improvements must conform with existing building codes. For a list of eligible improvements, please view the City's Eligible Capital Improvements List

Selling Home


Below Market Price Homes 

The City has helped make the cost of buying a Below Market Price (BMP) home affordable. In exchange for the opportunity to buy your home at an affordable below market price, you agree that the City has an option to buy your home at a restricted resale price or the City can assign it to another income eligible first time homebuyer household. If you decide to sell or move from your home, you must let the City know promptly in writing of your intention by completing and sending the City the Owner’s Notice of Intent to Sell. The City will have 30 days to respond to the Notice of Intent, and the response will include the current restricted resale value as well as resale information.

Downpayment and Home Improvement Loan Repayment

If you purchased your home with downpayment loan assistance or borrowed funds for home improvements from the City and decide to sell or pay off your loan, please have your Escrow Officer email the Housing Division immediately to request a loan payoff. The City will need the following documents to prepare a loan payoff quotation: completed Form of Owner’s Notice of Intent to Transfer, a fully executed purchase agreement, a current property appraisal report, and a preliminary title report.